What is Nostr?
pcdkd /
npub1w65…9ec3
2023-03-11 01:04:05
in reply to nevent1q…zcfd

pcdkd on Nostr: low interest rate environment of last few years created environment of outsized ...

low interest rate environment of last few years created environment of outsized capital deployment. VCs spent fast in big early rounds. Those startups deposited money into SVB.
SVB put that money to work but the assets they got have depreciated against interest rates (they lost billions).
Add to that, startups aren't raising as much. So deposits incoming to SVB are nowhere what they were. So they can't meet their deposit liabilities.
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npub1w65mgf77dfnn9c2vylw8k0rjjvvc8cw60ttw44u2cf0608eyxtlsyt9ec3